Published by Global Banking & Finance Review®
Posted on September 25, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleHSBC is selling its Sri Lanka retail banking operations to Nations Trust Bank, including accounts and loans, as part of a strategic divestment.
HONG KONG (Reuters) -HSBC has agreed to sell its retail banking operations in Sri Lanka to local peer Nations Trust Bank, the lender said late on Wednesday.
The transaction covers HSBC's entire retail banking business in Sri Lanka, including the accounts, credit cards, and retail loans, according to the company statement.
Financial details of the deal were not disclosed.
The divestment comes as the Asia-focused lender continues to shed less-profitable businesses globally, following a strategic review launched in October 2024 to simplify its business and shrink its geographical footprint.
HSBC said the sale, expected to be completed in the first half of 2026 without a material impact on its profit gain, is subject to regulatory approvals.
The London-headquartered lender said its corporate and institutional banking business in Sri Lanka is not impacted by this decision.
Nations Trust Bank has agreed to "make an offer of employment to all staff" of HSBC's Sri Lanka retail business, according to the statement.
(Reporting by Selena Li; Editing by Janane Venkatraman)
Retail banking refers to the provision of financial services to individual consumers, including savings accounts, loans, and credit cards.
Corporate banking involves providing financial services to corporations, including loans, credit, and treasury services.
A strategic divestment is the process of selling off a business unit or asset to focus on core operations or improve financial performance.
The impact of a sale on employees can include job offers from the acquiring company and potential changes in employment terms.
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